These are the stocks posting the largest moves before the bell.Market Insiderread more
The Fed is expected to cut rates Wednesday, but it is unlikely to tell markets what they want to hear on future rate cuts.Market Insiderread more
Corporate executives and money managers have grown increasingly pessimistic about the economy as growth around the world slows.Trader Talk with Bob Pisaniread more
Facebook unveils the Portal TV, a streaming device that comes with a camera and microphones for making video calls via television.Technologyread more
U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased.Economyread more
Four Wall Street firms downgraded FedEx after the company's poor earnings report.Marketsread more
FedEx says trade around the world is starting to feel the squeeze of increased tariffs.Marketsread more
U.S. stock futures point to a modestly lower Wednesday morning open on Wall Street ahead of what the markets in the afternoon expect to be the Fed's second interest rate cut...Marketsread more
Mortgage applications to purchase a home increased 6% for the week and were a strong 15% higher annually.Real Estateread more
The House subcommittee that oversees consumer product investigations launched its a probe of Juul in June, holding two days of hearings in July. In a letter to Juul sent...Health and Scienceread more
Pelosi said Trump should not have tried to address China's trade practices in a way that opened Americans up to financial pain.Politicsread more
Medtronic has inked a partnership with a hospital network to try to create — and demonstrate — value.
The five-year initiative will couple Medtronic's medical device expertise with Lehigh Valley Health Network's clinical expertise. They'll work together to create processes to treat more than 70 medical conditions using Medtronic equipment and improve patient outcomes and cut costs.
LVHN will compare results with existing patient data from its eight Pennsylvania hospitals to measure health outcomes and quantify savings. For some treatments, Medtronic will get paid based on those results, a system known as value-based care.
"This is a big step, and what we bring to this and what Lehigh brings to this are complementary capabilities with the desire to improve outcomes," said Medtronic CEO Omar Ishrak.
He has been a vocal supporter of moving toward this idea that medical device and pharmaceutical companies get paid if their products work. His company has been experimenting with reimbursement models, including signing nearly 1,000 deals requiring it to reimburse hospitals for some costs if its Tyrx antibacterial envelope doesn't prevent infection like it's supposed to in patients who receive cardiac devices.
The phrase value-based care has become a buzzword in the health-care industry, with experts preaching it as a practical reimbursement method and one that could help contain bloated spending.
One wrinkle, however, has been figuring out how to define and measure outcomes.
Medtronic's agreement with LVHN focuses on a mix of clinical and financial results, two pillars of value-based care.
Medtronic and LVHN aim to reach 500,000 patients in Northeast Pennsylvania and cut costs of care by $100 million. The company wants to help LVHN detect signs of respiratory compromise earlier to reduce related-adverse events by at least 20 percent.
The duo is using technology to predict improvements and will also use it to measure them, Ishrak said. In most cases, outcomes can be measured in months or years, a relatively short time period in health care.
"It's extremely important in creating a value-based environment," Ishrak said. "If you can't measure, you can't create a business model."
This one with Lehigh expands Medtronic's efforts and gives it access to patient insights the manufacturer wouldn't normally have, he said. Medtronic can use the data to establish baselines and monitor outcomes going forward.
For LVHN, the partnership can help the health system better treat patients and reduce its costs. Savings to the hospital network may not reach consumers, but they will reap the rewards of not having to pay for additional services they might have otherwise needed, said Dr. Debbie Salas-Lopez, chief transformation officer at LVHN.
"We're exploring how can we do things to improve value, so in some ways it's a lab of sorts," she said. "We're looking not only to do the right thing at the right place at the right time for patients but also at the right cost."
If the partnership is successful, it could serve as a blueprint for others.